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Impact Of Free Cash Flows And Agency Costs On Firm’S Performance: A Case Study Of Pakistan’S Cement Sector

Author

Listed:
  • Hamza Khwaja

    (City University of Science and I. T, Peshawar, Pakistan.)

  • Muhammad Asif

    (City University of Science and I. T, Peshawar, Pakistan.)

  • Said Wali

    (City University of Science and I. T, Peshawar, Pakistan.)

Abstract

In this research the scholar disclosed the impact of free cash flow on firm performance and also investigates the impact of agency cost on firm performance. In this research scholar analyzed the historical data ranging from 2003-2012 and regression technique was employed using E-views software. In the research the scholar measure firm performance with ROA and ROE. According to the study results, there is only net income volatility which is significant in both the cases either using ROA & ROE. On the other side free cash flow is insignificant while using ROA and significant while using ROE model. Agency cost has insignificant impact on firm performance when used the ROA model and significant impact on firm performance when ROE model is employed.

Suggested Citation

  • Hamza Khwaja & Muhammad Asif & Said Wali, 2015. "Impact Of Free Cash Flows And Agency Costs On Firm’S Performance: A Case Study Of Pakistan’S Cement Sector," Post-Print hal-05364325, HAL.
    • Handle: RePEc:hal:journl:hal-05364325
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